LCFS – Holiday Week Reduces Spot Market Transactions to Two

LCFS credit volume dropped from 618,108 during the week ending November 21 to 116,000 in the Holiday shortened week ending November 28. Weekly volume was 81 percent below the prior week and 74 percent below the 2021 weekly average of 442,758.  Eighty percent of the transactions were Type 2 transactions, which have an unconfirmed date range but are outside the 10-day transaction window between the time an agreement is made and executed. There were only two Type 1 transfers, which would be considered spot market trades.  Fourth quarter volume is 46 percent over third quarter volume and 59 percent above Q4 of 2020. There were 10 transactions during the week, down from 65 the week before. The weighted average price paid per credit declined $7.33 to $172.03. Of the 10 transactions posted, Type 1 transfers totaled 35,000 credits, up from 32,508 the week before.  Type 2 transfers accounted…